Miami-based Nifty, Inc. has announced a partnership with Warner Bros. to issue the non-fungible token, NFT, from the film Space Jam.
More precisely, these NFTs are related to the upcoming movie “Space Jam: A New Legacy”, which stars LeBron James and Looney Tunes characters. The film will be released in theaters and for streaming on Friday (16).
Pam Lifford, President of Brand and Global Experiences, Warner Bros., said, “We’re looking forward to partnering with Nifty in this new way for our audiences to connect with their favorite characters, connect with other fans, and enjoy our films. Excited.” .
According to the announcement, Warner will be distributing a limited edition of NFTs to certain users. Interested parties need to register with Nifty and visit the Space Jam NFT Collection page.
NFT. in space jam
As mentioned in the announcement on Monday (12), NFT was produced by Palm NFT Studios. The company uses blockchain technology and technology to reduce “99% of electricity consumption”.
According to the company, the collectibles will include two-dimensional and three-dimensional versions with five levels of rarity.
“The prizes will be randomized and will include all levels of rarity, including the chance to receive one of ten Legendary versions of each. Collectors will be able to purchase additional NFTs individually for just $2.99. These include character and rarity will have a random property of”, highlighted the statement.
Nifty’s announcement follows the trends of large companies that have decided to venture into the NFT universe. Some recent cases include: Playboy, MLB, Mike Tyson, UFC, DeLorean Motor Company, Time and USA Today.
David Lee, Executive Vice President of Samsung Electronics, also commented on the partnership. According to the head of venture capital firm Samsung Next, the team at Nifty will shape the future trends:
“What Nifty has developed in such a short span of time has impressed us a lot. So we can’t wait to see how they shape the future of NFT partnerships,” he concluded.
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